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Govt. Clarifies NRI Investment on Non-Repatriation basis shall not be considered for Calculation of Indirect Foreign Investment [Read Notification]

Govt. Clarifies NRI Investment on Non-Repatriation basis shall not be considered for Calculation of...

Taxscan Team
NRI or Overseas Citizens could be constituents of applicant under SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2021: SEBI [Read Notification]

NRI or Overseas Citizens could be constituents of applicant under SEBI (Foreign Portfolio Investors)...

Taxscan Team
Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI notifies Amended FEMA Regulations [Read Notification]

Authorised Dealers can now Lend Money to NRI for Settlements involving Govt. Securities: RBI...

Taxscan Team
Income Tax: CBDT relaxes ‘residency rule’ for NRIs, if forced stay in India due to COVID-19 resulted in Double Taxation [Read Circular]

Income Tax: CBDT relaxes ‘residency rule’ for NRIs, if forced stay in India due to COVID-19 resulted...

Taxscan Team

Supreme Court directs CBDT to decide on Income Tax Exemption to NRIs within 3 weeks

The Apex Court on Wednesday directed the Central Board of Direct Taxes (CBDT) to decide on income tax exemption to non-resident Indians (NRIs) within 3 weeks for the financial year 2020-21 in...

Supreme Court directs CBDT to decide on Income Tax Exemption to NRIs within 3 weeks
Taxscan Team

Budget 2021: Govt. proposes major Economic Concessions to NRI Community

The Union finance minister Nirmala Sitharaman announced relaxation for non-resident Indians (NRIs) while presenting the Union Budget 2021, which will be effective from April 1, 2021. Presently,...

Budget 2021: Govt. proposes major Economic Concessions to NRI Community
Taxscan Team

Budget 2021: Govt proposes relief for NRIs [Read Finance Bill]

The Non-resident Indians coming back to their home country due to the global market recession and unemployment in foreign countries post-pandemic period to get some benefits from the Central...

Budget 2021 - relief for NRIs - Taxscan
Taxscan Team

ITAT rescues NRI holding $3 Million in his Swiss Account [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while rescuing the NRI, Kamal Galani who is a holder of USD 3 Million in his swiss account held that a Swiss checking account was opened as...

ITAT rescues NRI holding $3 Million in his Swiss Account [Read Order]
Taxscan Team

Kerala Legislative Assembly passes Resolution against Budget Proposal to introduce NRI Tax

The Kerala State Legislative Assembly has passed a Resolution against Central Government’s move to introduce Income Tax for Non-Residential Indians (NRI). The resolution is against the Union...

Kerala Legislative Assembly passes Resolution against Budget Proposal to introduce NRI Tax
Taxscan Team

NRI's Overseas Income will not be Taxed: Finance Ministry

The Finance Ministry has issued a clarification regarding Proposal to Income Tax on Non-Taxpaying NRIs in the Finance Bill 2020. The Clarification said that, NRI's Overseas Income will not be Taxed. ...

NRIs Overseas Income will not be Taxed: Finance Ministry
Taxscan Team

Budget 2020: Govt proposes Income Tax on Non-Taxpaying NRIs

In a setback to Non-Residential Indians ( NRI ), the Central Government has proposed the Income Tax on Non-Taxpaying NRIs in the Union Budget 2020. In the Finance Bill, 2020, the Government has made...

Budget 2020: Govt proposes Income Tax on Non-Taxpaying NRIs
Taxscan Team

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